Question : __________ are the end products of the accounting process, which are prepared in accordance with the generally accepted accounting principles.
Option 1: Financial statements
Option 2: Non-financial statements
Option 3: Computerized accounting
Option 4: Both 1 and 3
Answer (1)
12th Jan, 2024
Correct Answer: Financial statements
Solution : Financial statements are the end products of the accounting process, which are prepared in accordance with the generally accepted accounting principles. Hence, the correct option is 1.
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